ADVANCED CORPORATE FINANCE AND SUSTAINABLE CORPORATE STRATEGY-2

The course is an introduction to corporate sustainability from a 360 degree perspective that integrates corporations, markets, regulation and stakeholders. We will present the key definitions of ESG and CSR, discussing the current conditions of the market, international governments and supranational institutions. Proceeding, we will elaborate the traditional concept of value creation under the light of ESG integration, revisiting the corporate stakeholder nexus and relative hierarchies in line with the updated materiality considerations. The second half of the course will be dedicated to the financing alternatives and business decisions that enable the transition towards a sustainable business model.

Upon course completion, the students will be able to comprehend the various stages, drivers and mechanisms towards a sustainable business model. In addition, they will have the tools and knowledge to evaluate alternative routes and dynamics of different sustainable business options to better determine the corporate positioning, financing and competitive advantage that guarantee the maximum long-term value creation for all stakeholders.

Accounting, management and corporate finance knowledge is crucial in order to fully comprehend the topics that will be presented during lectures.

Key definitions and the increasingly important role of ESG and CSR
Theories of the firm
Stages of sustainable finance and investing
Corporate governance and internalizing externalities
ESG disclosure: frameworks and current regulation
Materiality and metrics for value creation
Equity investors
Bond investors and alternative ESG securities
Banking and Insurance in the ESG era
Integrating ESG: cases of financial analysis and business valuation

Slides and supporting material prepared and rendered available by the professor on the course's Moodle page

The course will conclude with a written exam based on a combination of multiple-choice (7 to 10) and open-end questions (1-2), both qualitative and quantitative, for a total of 31 points.

The course will include lectures and in-class case study discussion. All classes will be accompanied by supporting material prepared and made available by the instructor.

English

written

This subject deals with topics related to the macro-area "Climate change and energy" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development